J.P. Morgan Economist: U.S. Economy Is Firing on All Cylinders
Minutes of the FOMC's first meeting of 2015 were released on Wednesday, and it largely showed the central bank is in no hurry to raise short-term interest rates.
It was a big week for the economy with the minutes of the Federal Open Market Committee's first meeting of 2015 released on Wednesday, and it largely showed the central bank is in no hurry to raise short-term interest rates, which have remained near zero for over six years now. Though raising rates too soon would put additional pressure on an already strong dollar, posing headwinds for the stock market. TheStreet's Scott Gamm speaks with Jeff Greenberg, senior economist at J.P. Morgan Private Bank to discuss more details about a rate hike and the dangers of keeping rates too low for too long.
